CB Financial Services (CBFV) Declares $0.24 Quarterly Dividend; Approves $5M Buyback

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Go back to CB Financial Services (CBFV) Declares $0.24 Quarterly Dividend; Approves $5M Buyback

CB Financial Services, Inc. Authorizes Stock Repurchase Program and Declares Quarterly Cash Dividend

November 20, 2019 3:00 PM EST

WASHINGTON, Pa., Nov. 20, 2019 (GLOBE NEWSWIRE) -- CB Financial Services, Inc. (the Company) (NASDAQ: CBFV), the holding company for Community Bank, announced today that its Board of Directors has authorized a program to repurchase up to $5 million of the Companys outstanding common stock, which represents approximately 3.2% of the outstanding shares based on the Companys closing stock price on November 19, 2019. The program is effective November 25, 2019 and authorized through November 24, 2020.

Repurchases may be transacted in the open-market or in negotiated private transactions and will be conducted pursuant to a trading plan adopted in... More